Calculating Your New 2013 Tax Bill

At the 11th hour, lawmakers settled the question of what payroll, income and estate taxes will be in 2013. But what does that mean to you? For a detailed look, see the new Weekend Investor cover story, “How Much Will Your Taxes Jump?”

In addition to the two-percentage-point hike for all workers in the employee portion of Social Security taxes, several other new taxes will take effect this year. There are additional top income and investment tax brackets for the highest earners, plus four new “hidden” tax increases that can hit the affluent as well as the wealthy—and in unpredictable ways.

To aid the confused and curious, the nonpartisan Tax Policy Center in Washington has updated an easy-to-use calculator that will help you estimate your 2013 tax bill compared to the one for 2012. It offers results for typical taxpayers from the lowest to the highest incomes, and also has a feature allowing users to create their own example.